Revolve forms partnership to develop solar projects

Executive Summary

• Revolve Renewable Power Corp. signed a partnership agreement with an experienced EPC firm in Mexico to develop and build a new portfolio of distributed‑generation solar projects for commercial and industrial customers.
• The initial target is two portfolios totaling >5 MW of capacity, with Revolve holding a 70% ownership interest and the EPC partner 30%.
• The partnership aligns with Revolve’s broader mandate to grow its operating asset base in Mexico and capitalize on the rapid expansion (32% YoY in 2024) of the Mexican distributed‑generation market.

Key Details

• Agreement date: October 8, 2025.
• Partner role: The EPC partner will originate, develop, construct, and provide construction services for projects; Revolve will supply project finance, own (70%) and operate the assets, and manage long‑term power purchase agreements (PPAs).
• Ownership structure: 70% Revolve / 30% EPC partner; economic benefits shared pro‑rata on any returns above Revolve’s required rate of return.
• Initial project scope: Two commercial portfolios with a combined capacity of >5 MW.
• Market context: Mexico’s distributed‑generation market grew 32% in 2024 to 4.4 GW, driven primarily by solar installations and corporate demand for on‑site power and resiliency.
• Strategic fit: Expands Revolve’s “behind the meter” DG portfolio (currently >140 MW under development) and supports its goal of rapidly growing revenue‑generating DG assets alongside a 5,000 MW utility‑scale pipeline.

Notable Quotes

“This is a watershed partnership for Revolve as we join forces with a new partner to advance this portfolio of distributed generation projects in Mexico,” – Omar Bojorquez, Chief Operating Officer.

“We are confident this partnership will result in additional distributed generation opportunities for Revolve fueled by increasing electricity demand growth from data centres, electrification and industrial onshoring,” – Omar Bojorquez.